Context: The MSME Minister announced that under the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)Yojana, loans will be provided to 40,000 youths in the next three months, with a target to benefit 1.5 lakh youths by 2025.
More On News:
- The MSME Minister reviewed the department’s three-month action plan in the Niryat Bhawan auditorium.
- He emphasized the importance of working seriously on the Chief Minister’s Youth Entrepreneur Development Campaign, One District One Product (ODOP), and the Chief Minister’s Youth Self-Employment Scheme.
- In collaboration with IIT, AKTU, HBTU, Lucknow University and Amity University, organizing a youth entrepreneur conclave is proposed in Kanpur and Lucknow divisions.
- In this conclave, experts related to franchise business, machinery suppliers and business on wheels will present their business models.
- A total of 5,000 Solar Ship cum Service Centers will be set up at the rural level in collaboration with State Rural Livelihood Mission (SRLM), while the departmental portal will be improved for better user accessibility.
- Financial assistance is being provided to private investors for the development of industrial parks under the MSME Policy-2022.
- Under the Yuva Udyami Abhiyan, over 5,000 enterprise ideas are offered to youth, with loans excluded for tobacco, liquor, pan masala, carbonated drinks, and bags under 40 microns.
